Happycoin.club - An economist known under the pseudonym Mikybull Crypto believes that they are trying to convince cryptocurrency traders of the impending collapse of the coin price.
Right now they are trying to convince you that the current cycle is ending, while the market is preparing for the grand final bull rally, wrote Mikybull Crypto.
The economist attached a graph to his message that depicts the stages of cycles in the digital asset market. Mikybull Crypto believes that we are now in the stage of a bear trap, set to force traders to get rid of coins, scaring them with a continuation of the downward trend.
Market cycles (arrow indicates bear trap)
Who could have set the trap can be judged by the publication of analyst Willy Wu, who recently stated that the price of Bitcoin is falling due to “old gangsters” (OGs) selling coins. This slang expression means people who were among the first to use cryptocurrency and accumulated a gigantic amount of assets. In other words, what Wu is saying is that crypto whales are responsible for the Bitcoin price dump.
An analyst under the nickname Moustache noted that the Gaussian channel indicator moved from the red to the green zone on the chart of changes in the level of capitalization of altcoins over three weeks. After this happened in 2020, the altcoin season began, characterized by a sharp increase in the value of alternative bitcoin cryptocurrencies. If the situation repeats itself, there will be a sharp reversal in the market, and the hypothesis about the appearance of a bear trap will be confirmed.
